stephanelibatd

RELIANCE STELL & ALUMINIUM Analysis Daily

Short
NYSE:RS   Reliance Steel & Aluminum Co
Hey guys, RELIANCE STELL & ALUMINIUM is in a very important moment in its history we can witness a new historical high. It is in a bearish dynamic fake with a water-carrying candle shape followed by a bearish trace and a fake return of traded sell volume . The TIMEFRAME M1 shows a marubozu with an explosion in the purchase volume made it leaves on the base of the bollinger for a test then on its high. What corresponds on the underside of the top of the balance zone it will be checked.
Big possibility of breaking the price with the return of momentum then the zone to arrive in another and make a new historical high. See if the bearers will come and test the top of the zone for pullbacks to take their profits or check the top of the bullish channel continue the movement for Elliott waves .
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